v2.4.1.9
LOSS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2014
Loss Per Common Share Tables  
Reconciliation of basic and diluted loss per share

The following is a reconciliation of the numerators and denominators of the basic and diluted loss per common share computations for the years ended:

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2014     2013     2014     2013  
                         
                         
Numerator for basic and diluted loss per common share:                        
                         
Net loss to common stockholders from continuing operations   $ (680,897 )   $ (761,384 )   $ (1,997,002 )   $ (3,234,702 )
                                 
Net loss from discontinuing operations   $ (4,383 )   $ (75,921 )   $ (23,847 )   $ (583,138 )
                                 
Net loss to common stockholders   $ (685,280 )   $ (837,305 )   $ (2,020,849 )   $ (3,817,840 )
                                 
Denominator for basic and diluted loss per common share:                                
                                 
Weighted Average Number of Shares Outstanding     11,951,664       6,339,259       11,594,294       5,691,052  
                                 
Basic and diluted loss per common share from continuing operations   $ (0.06 )   $ (0.12 )   $ (0.17 )   $ (0.57 )
                                 
Basic and diluted loss per common share from discontinued operations   $ -     $ (0.01 )   $ -     $ (0.10 )
                                 
Basic and diluted loss per common share   $ (0.06 )   $ (0.13 )   $ (0.17 )   $ (0.67 )
Schedule of antidilution effect

Due to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:

 

    Nine Months Ended September 30,  
    2014     2013  
             
             
Warrants     19,523,412       7,504,189  
Stock options     2,915,556       1,840,556  
Convertible notes     2,698,682       3,295,322  
Series A Preferred     1,629,006       1,629,006  
Series B Preferred     5,693,344       5,693,344  
Series C Preferred     902,778       902,778  
Series D Preferred     4,532,000        
                 
      37,894,778       20,865,195